Upload
thomas-watkins
View
217
Download
3
Tags:
Embed Size (px)
Citation preview
Innovate Now:Overview and Next Steps
February 2007
2
Innovation and Economic DevelopmentGrowing national consensus: States and their regions will increasingly compete on
innovation in a global knowledge-based economy States and regions must have strategies for
achieving sustainable differentiation and competitive advantage through innovation
Public and private leaders must engage their states and regions in raising awareness and launching coordinated economic development, workforce development, and education initiatives to achieve sustainable competitive advantage
3
National Context
Books and national reports on innovation and global competitiveness have effectively framed the challenges and issues
National Governors Association “Innovation America” initiative will provide a window of opportunity for states and their regions to take leadership roles in promoting innovation and economic development.
4
State Context
Innovation initiatives provide a useful frame of reference for: Describing the major changes in state and regional
economies and future trends Rethinking the state and regional business environment
that will set the stage for future economic development Innovation initiatives increase the focus on key
education and workforce issues such as: Rising education requirements and number of residents
not prepared for postsecondary education STEM and other critical skill shortages P-20 alignment and integration
5
Innovate Now Initiative Goal:
Make the Chicagoland Region and Illinois globally recognized centers of innovation
Phases: Phase I—Raise awareness and build consensus on
strategies starting in the Chicagoland Region with focus on manufacturing (lead by Chicagoland Chamber of Commerce, World Business Chicago, and DCEO)
Phase II—Move to statewide and regional planning and action after gaining consensus and commitment from public and private leaders
6
Phase I Activities Innovate Now Summit on October
24, 2006 in partnership with Council on Competitiveness
CEO Innovation Forums and Business Profiles
Review of Leading Practices Meetings with national experts Review of national and state initiatives Review of business innovation literature
7
Defining Innovation Innovation is the development and implementation of
new ideas and new ways of doing things (business models, products and services, markets, processes) to create customer value and drive business and economic growth.
Business model innovation provides the necessary framework for the full utilization of science and technology advancement
Business innovation includes both incremental improvements and breakthrough developments.
Business innovation is broader than science and technological discovery and advancement. It is the interface between business entrepreneurship and science and technology discovery as well as other types of creativity and discovery
8
Innovation TalentStates and regions can create comparative advantage by creating a new breed of innovation talent with:
Business entrepreneurship skills—creating new business models, identifying and exploiting customer needs in new markets with new products and services
Global and culturally diverse—engage customers and partners throughout the world
Strong STEM knowledge and skills—both depth in specialties and capable of working across functions and disciplines in open collaborative networks with customers, suppliers, and partners
Work and learn using mass collaboration platforms and tools
9
Four Key Strategies for Promoting Innovation
1. Business Innovation Leadership and Capacity
2. Open Collaborative Innovation Networks
3. Innovation Talent4. Innovation Metrics
10
Business Innovation Leadership and Capacity
Public-private leadership to convey the vision and strategies
CEO forums and meetings to promote peer-to-peer exchange
Executive leadership education opportunities in innovation
Expanded education and training programs in innovation approaches and methods
Promoting leading practices in business innovation metrics that provide the foundation for state and regional innovation metrics
11
Open Collaborative Innovation Networks
Promoting open business models and innovation processes
Launching more open-ended and dynamic approaches to economic cluster initiatives
Promoting more comprehensive models for university, community college, and federal laboratory roles in innovation
Providing gap funding for scientific and technological innovations between basic research and commercialization
Exploring how to leverage new innovation intermediaries (e.g., Innocentive.com) and new mass collaboration platforms and tools
12
Innovation Talent Recruiting and retaining the top innovation
talent in the world Leading business HR strategies for recruiting,
developing, utilizing and retaining talent New interdisciplinary programs addressing
entrepreneurship, innovation, and STEM education
Innovation-centered approaches to K-12 STEM education that integrate existing initiatives
Innovation-centered P-20 alignment and integration efforts
13
Innovation Metrics Illinois must promote a national discussion with
leading public and private sector experts Start with leading business practices in
measuring the effectiveness and efficiency of innovation processes not just input or intermediate measures such as research and development spending and intellectual property
Develop comprehensive framework that can be used by businesses and key innovation partners (e.g., universities) as well as states and regions in benchmarking innovation performance
14
Next Steps for Phase I Convene national meeting of public and private
leaders and experts in Chicago on building open collaborative innovation networks (in cooperation with national sponsors)
Conduct regional innovation forums focusing on innovation talent and key issues in education and workforce development
Develop Phase I report on promoting innovation in Illinois
15
Innovate NowContact Information:
Lance Pressl, Ph.D. Foundation President Chicagoland Chamber of Commerce 200 E. Randolph Street, Suite 2200Chicago, Illinois 60601
Phone: 312.494.6766 Fax: [email protected]